Logo for St. John.

Vestar Portfolio Company St. John Knits Announces New Management Team

Irvine, CA – July 18, 2013 – The Board of Directors of St John Knits announced today that Bernd Beetz has been named Chairman of the Board, effective immediately.

“Bernd is a seasoned organization builder and brings an extraordinary level of leadership to the company,” said Jim Kelley, a Founding Partner of majority shareholder Vestar Capital Partners. “With the recent investment by Fosun International and our continued interest in global expansion, we are thrilled to have Bernd both as a partner in this venture and as Chairman of our Board at this pivotal time.”

Mr. Beetz is one of the most prolific executives in the luxury goods industry with almost 40 years of experience. He most recently served as the Chief Executive Officer of Coty Inc. from 2001 to 2012. During his tenure, he developed an ailing business into an industry powerhouse by building the organization and its brands. Coty’s revenue increased from $1.4B to nearly $5B during his time at the company and recently went public with a capitalization of close to $7B.

Bernd Beetz mastered similar challenges as President and CEO of LVMH-owned Parfums Christian Dior France and held various management positions during his 20 years at The Proctor & Gamble Company.

“I’m thankful to Fosun for bringing me this investment opportunity and am thrilled to help usher in a new era at St. John, an iconic American brand with the potential of enormous global reach,” said Mr. Beetz. “I look forward to working with the members of the Board to institute a strong leadership structure that will position the company for even greater worldwide success in the future.”

"We have long admired Bernd Beetz and are happy to have him as our new Chairman of the St. John Board," said Patrick Zhong, Senior Managing Director at Fosun International. "The brand's potential is enormous and there is no one better suited to help us exploit that potential than Bernd."

Bernd Beetz Appoints Geoffroy van Raemdonck CEO of St. John Knits

Irvine, CA – July 22, 2013 – Bernd Beetz, Chairman of St. John Knits, announced today that Geoffroy van Raemdonck has been appointed Chief Executive Officer of the company. Mr. van Raemdonck succeeds Glenn McMahon, who served as CEO since 2007.

“Geoffroy has an unparalleled understanding of global wholesale and retail that will be integral as we move into the next phase of the company’s history,” said Bernd Beetz, Chairman of St. John Knits. “He is an excellent leader to drive the executive team and to continue to strengthen and grow the business worldwide.”

A seasoned executive with almost 20 years of experience in retail, Mr. van Raemdonck most recently served as President – South Europe for Louis Vuitton, where he led company operations in 22 countries which generated sales of over $1B. He held several senior level positions during his years at the company. He also previously held positions at Limited Brands and The Boston Consulting Group.

“I am honored to have the opportunity to join an industry force like Bernd Beetz and to further propel this iconic American brand into a phenomenal international business,” said Mr. van Raemdonck. “I look forward to working with the Board and executive team to build upon the strong and successful foundation that they have created.”

St. John Knits retained Herbert Mines Associates in the search for the new CEO.

About St. John Knits

St. John, one of the premier names in American fashion, was founded in 1962. St. John has evolved from a family run operation to the global luxury brand known today. The company, headquartered in Southern California, now employs over 2,500 people and is a vertical operation with offices worldwide. Its collection is sold by top specialty store retailers in 26 countries and 25 company-owned retail boutiques. For more information on St. John, visit the company’s website at www.discoverstjohn.com.

The Vestar logo on a gold colored back ground.

Vestar Names Norm Alpert, Rob Rosner Co-Presidents


NEW YORK, NY – July 1, 2013 – Vestar Capital Partners (“Vestar”), a leading U.S. middle-market private equity firm, today announced that Norman W. Alpert and Robert L. Rosner have been named co-presidents of the Firm, effective immediately.

“I am pleased to continue to recognize Norm’s and Rob’s valuable contributions to the Firm, as original Vestar co-founders and as strong leaders over many years,” said Dan O’Connell, CEO of Vestar. “Most recently, they played key roles in the execution of our realization initiative, which returned in excess of $2.4 billion to our partners.

“Since the Firm’s founding in 1988, Vestar has raised in excess of $9 billion of capital and completed 70 investments in companies with a total value of more than $40 billion,” said Mr. O’Connell. “I look forward to continuing to work closely with Norm and Rob as we identify opportunities for our most recent fund, Vestar VI, and continue to build value in our existing portfolio of companies.”

Vestar also confirmed today that it has closed and activated its sixth private equity fund, Vestar Capital Partners VI, with total commitments of $804 million.

“We see exceptional opportunities in our sweet spot, the North American middle market, and Vestar VI has ample firepower to capture these attractive investments,” said Mr. O’Connell. “Our Limited Partners concur with this strategy and are supportive of our decision to close Vestar VI and move forward.”

Mr. O’Connell said that Vestar VI is targeting equity investments in the range of $50 million to $150 million in U.S.-based middle-market companies with enterprise values ranging from $250 million to $750 million. “Over the past 25 years, we have built a reputation as an strong partner with company management teams. We are confident that our deep experience in creating value will continue to deliver the superior returns that are this Firm’s hallmark,” he said.

“Vestar's organization is exceptionally deep in talent and experience. Confidence in our new fund is very strong. We're quite bullish on the current outlook," said Mr. Rosner.

“Our Firm has evolved to take advantage of unique and compelling investment opportunities in the middle market. Our experienced team of investment professionals and our performance track record provide Vestar with a convincing competitive advantage,” said Mr. Alpert.

Norman W. Alpert

Mr. Alpert, 54, is a managing director and one of the founding partners of Vestar Capital. He is a member of Vestar’s Executive and Investment Committees and is actively involved across many of Vestar’s industry sectors.

Mr. Alpert will continue as co-head of Vestar’s Healthcare/Digital Media/Information Services Sectors. He is currently a director of HealthGrades, MediMedia USA, Inc., St John Knits, Inc., and Press Ganey Associates, Inc.

Mr. Alpert began his career in 1980 as a commercial banker at Manufacturers Hanover Trust Company as a member of the Special Finance Division. He joined the Management Buyout Group at The First Boston Corporation in 1984, before leaving in 1988 to launch Vestar Capital Partners. He is a 1980 graduate of Brown University with an AB degree in American History and Economics.

Mr. Alpert serves on the boards of Brown University, The Brown Hillel Foundation, the Brown University Sports Foundation, the National Rowing Foundation, American Friends of Shalva (the association for mentally and physically challenged children in Israel), and White Plains Hospital.

Robert L. Rosner

Mr. Rosner, 53, is a managing director and one of the founding partners of Vestar Capital. He is a member of Vestar’s Executive and Investment Committees. Before returning to Vestar’s New York office in 2011, Mr. Rosner ran Vestar’s highly successful European operations for more than a decade. During that time, Vestar invested $1.2 billion in nine companies. Those investments, now fully realized, returned $2.1 billion – a 1.7x realized cash MOI – to Limited Partners.

Mr. Rosner will continue as co-head of Vestar’s Diversified Industries/Financial Services Sectors. He is currently a director of Triton Container International Limited, Radiation Therapy Services, Inc. and OGF Group.

Mr. Rosner was previously a member of the Management Buyout Group of The First Boston Corporation, where he worked with the other members of Vestar’s founding team before leaving in 1988 to launch Vestar Capital Partners. He holds an MBA, with distinction, from The Wharton School of the University of Pennsylvania and a BA in Economics from Trinity College. Mr. Rosner is a member of the Graduate Executive Board of The Wharton School and the Board of Trustees of The Lawrenceville School.

About Vestar Capital Partners

Vestar Capital Partners is a leading U.S. middle-market private equity firm specializing in management buyouts and growth capital investments. The Firm is targeting equity investments in the range of $50 million to $150 million in U.S.-based middle-market companies with enterprise values ranging from $250 million to $750 million.

The Firm has extensive experience investing across a wide variety of industries including Consumer, Healthcare, Digital Media, Information Services, Diversified Industries, and Financial Services. Vestar invests and collaborates with incumbent management teams and private owners in a creative, flexible and entrepreneurial way to build long-term enterprise value.

Since the Firm’s founding in 1988, the Vestar funds have completed 70 investments in companies with a total value of more than $40 billion. For more information, please visit www.vestarcapital.com.


Owen Blicksilver Public Relations
Carol Makovich
(203) 622-4781
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Jennifer Hurson
(845) 507-0571
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